UI Kun Lee Acquires Retail Property In Midtown Manhattan For $10M

Located at 147-149 West 46th Street, the retail property was involved in a recent transaction. The loan amount secured for this asset was $10,000,000, with a total square footage of 13,944. The deal included UI Kun Lee as the owner, Terra Nova Properties as the seller, and JP Morgan Chase as the lender. Brian Flax and Blake Orman from Meridian Capital Group served as the mortgage brokers for this transaction.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $10,000,000
• Owner: UI Kun Lee
• Seller: Terra Nova Properties
• Lender: JP Morgan Chase
• Mortgage Brokers: Brian Flax and Blake Orman @meridian.capital.group
• Address: 147-149 West 46th Street
• Square Footage: 13,944

Brian Flax and Blake Orman from Meridian Capital Group played a crucial role in facilitating the loan for this property transaction. Their expertise in structuring real estate deals was instrumental in securing the financing provided by JP Morgan Chase.